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10.00 points During the period, Teen's Trends sold some excess equipment at a loss. The following information was collected from the company's accounting records: Depreciation
10.00 points During the period, Teen's Trends sold some excess equipment at a loss. The following information was collected from the company's accounting records: Depreciation expense Loss on sale of equipment From the balance sheet Beginning equipment Ending equipment S 585 4,130 13,800 7,150 3,300 2,850 No new equipment was bought during the period. Required: For the equipment that was sold, determine (a) its original cost, (b) its accumulated depreciation, and (c) the cash received from the sale. Cash Received firom Sale
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